Binh Son Refining and Petrochemical Joint Stock Company: Innovation for sustainable development

(Quang Ngai Newspaper) - As the pillar of the province's economic growth, in 2025, Binh Son Refining and Petrochemical Joint Stock Company ( BSR ) plans to increase its charter capital from VND31 trillion to VND50 trillion, focusing mainly on the Dung Quat Oil Refinery (NMLD) Upgrade and Expansion project. Thereby, improving BSR's production capacity and competitiveness in the domestic and international markets.

During the Lunar New Year 2025, the staff, engineers and employees of Dung Quat Oil Refinery are still working hard to operate the plant throughout Tet. Head of Dung Quat Oil Refinery Operation Shift (the first shift of the new year) Hoang Ngoc Nghia said that during the Lunar New Year 2025, Dung Quat Oil Refinery has been operating absolutely safely and stably. The plant has imported 2 shipments of crude oil and exported products as usual to meet customer demand. Currently, the main technology workshops of the plant are operating at optimal capacity.

Chairman of the Board of Directors of Binh Son Refining and Petrochemical Joint Stock Company Bui Ngoc Duong visited and wished employees a happy new year. Photo: BSR

According to BSR leaders, during the operation of Dung Quat Oil Refinery during Tet, BSR workers demonstrated high responsibility, were on duty, and were ready to respond to emergency situations, ensuring safe and continuous production. Control work at the factory's entrances and exits was also strictly monitored to ensure the security and safety of the factory. On January 29 (the first day of the Lunar New Year), BSR's leadership and mass organizations directly inspected the production and business activities, and encouraged workers to be on duty and work during Tet to ensure the supply of gasoline for the market.

BSR General Director Nguyen Viet Thang shared that 2025 has a very special meaning, as it is the year of many major events in the country and also the year of the end of the 5-year plan 2020 - 2025. This is a pivotal year, creating the premise for the next 5 years of BSR's strategy. BSR's leadership considers this a year of "breakthrough in investment and science and technology activities", "innovation and digital transformation to elevate BSR"; at the same time, continuing to promote activities to spread BSR culture associated with Petrovietnam culture. "Believing that, with solidarity, consensus, and commitment to elevate corporate culture, BSR will overcome the current difficulties, together strive to excellently complete all assigned targets and achieve success, contributing to BSR's continued development and growth in the country's rising era", Mr. Thang said.

According to BSR Chairman of the Board of Directors Bui Ngoc Duong, in 2024, Dung Quat Refinery will always operate safely, stably and continuously at optimal capacity; BSR has also conquered new operating limits by researching and testing CDU capacity up to 118%, RFCC 110%, KTU 140%. In the past year, BSR also recorded 49.3 million safe working hours. Investment work has shown signs of improvement, growing over 81% over the same period. The Dung Quat Refinery Upgrading and Expansion Project Management Board has signed and organized the implementation of FEED, Licensor, capital arrangement consulting contracts; selected contractors for the Tanker Truck Loading Station project...

In 2025, BSR sets a target output of 6.69 million tons; revenue of 114.5 trillion VND; payment to the state budget of nearly 13 trillion VND; estimated after-tax profit of about 746 billion VND; investment value of about 1,740 billion VND. BSR's specific target is to exceed the output plan by at least 10%, produce at least 3 new products. The Dung Quat Refinery Upgrade and Expansion Project also aims to complete the basic design, engineering, total estimate and organize the selection of EPC contractors.

“The company continues to adhere to Petrovietnam's motto: "Innovation from the core, developing outstanding models, integrating into the global chain, enhancing energy knowledge, making breakthroughs in growth, creating sustainable green transformation" to implement production and business tasks in 2025, strategy to 2030 and vision to 2050. Focus on striving to exceed production and business plans and tasks that are prerequisites and hinges for sustainable development, shifting in line with the established vision and development strategy", Mr. Duong shared.

PHAM DANH

RELATED NEWS:

Source: https://baoquangngai.vn/kinh-te/202502/cong-ty-cp-loc-hoa-dau-binh-sondoi-moi-de-phat-trien-ben-vung-4840f89/